06:59
حنين الحياة
Gold prices in the European market fell on Wednesday to resume their losses, which were temporarily interrupted yesterday as part of the three-week low-level bounce operations This comes under the pressure of the US dollar for a basket of coins, backed by high bond yields for ten years in the United States. For a new record level in four years.
Gold prices fell by more than 0.4% to:@@ GMT to be traded at the $1324.30 level of the $1329.84 opening level, registering the highest level of $1332.03, and the lowest level of $1322.98.
Yesterday's gold price rose by about 0.5 percent, in its first four-day gain, among the lowest in the three-week period of $1322.02 of the earlier transactions, with support for the US dollar's stopover.
The dollar index on Wednesday rose 0.3 percent, resumed its gains, which were temporarily interrupted yesterday in breathtaking operations, to record higher in four months at 90.88 points, reflecting the large-scale rise of the American currency against a basket of currencies, which is currently pushing the prices of minerals and goods Denominated in United States dollars.
The return on American bonds for 10 years has risen 2 basis points, to continue to rise for the eighth consecutive day, registering a record level new in more than four years at 3.01%, and yesterday's return managed to skip the 3% threshold for the first time since January January 2014.
The returns on American bonds have been on a large scale recently, with the trade crisis between the United States and China declining, allowing market by diverting attention again to the underlying factors, particularly those related to the increasing supply of government debt, and inflationary pressures resulting from the rise Oil prices in world markets.
Gold holdings in the SPDR Gold Trust, the largest global indicator fund supported by gold, remained unchanged for the eighth consecutive day at a total of 865.89 metric tonnes, the highest level since 8 June June 2017.
